SushisWap Price Prediction for Today, October 30: SUSHI/USD Target The $2.000 Price Level

Updated: 30 October 2022

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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As September was coming to an end, the Sushiswap market ended with prices continuously ranging at $1.000. And October started with a bullish market as the support level was formed on the 2nd and 3rd. From early October till now we can see that sellers kept resisting the bullish market, but as the bulls are having the upper hand, they drag the bears up along with them despite their resistance.

SushiSwap Market Price Statistic:

SUSHI/USD price now: $1.74
SUSHI/USD market cap: $226,384,207.10
SUSHI/USD circulating supply: 127,244,443
SUSHI/USD total supply: 250,000,000
SUSHI/USD coin market ranking: #129

Key Levels

Resistance: $2.000, $2.500, $3.000
Support: $1.500, $1.000, $0.500

SushiSwap Market Price Analysis: The Indicators Point of View

After the bulls broke the market indecision on the 3rd of October, bears formed their new strong resistance at the $1.5000 price level. And the bullish market repeatedly failed to break the resistance level. Bulls continued to fail at the new resistance level till the 25th of October when the buyers finally broke the price level. From the Bollinger band, we see that the price action has been performing above the moving average of the indicator. This means that traders are more willing to buy than sell – bulls are stronger than bears because the price pullbacks caused by the seller could not bring the price below Bollinger’s moving average.

SUSHI/USD 4-Hour Chart Outlook

The market opened today with a very bullish price as the buyers are targeting the $1.8000 price level. They couldn’t do that in the first session. In the second session, they broke the price level, but the price was rejected in that same session and the price fell below the resistance level. In the third session, however, the price was established above the $1.8000 price level. The bulls’ market will continue from here.

The Dash 2 Trade presale is off to an outstanding start, having raised well over $2 million in just a few days. The presale is being carried out in nine phases, with each stage seeing a slight price increase. The second stage’s price is now $0.05.